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Wigan broke even just once in last decade

Wigan new owners Phoenix 2021 publish 2022 accounts, the first full figures since former owner (Au Yeung, put the club into administration weeks after buying it for unknown reasons, reports Kieran Maguire.

Wigan have only broken even once in the last decade on a day to day operational basis. Even in the Premier League the club was losing money.

Revenue down compared to 2019 (last year for which full figures available) due to being in L1. Down 85% on WAFC final season in Premier League.

Broadcast income is by far the largest component for a club such as Wigan in Premier League and whilst receiving parachutes. Once in L1, only get 12% of the EFL deal compared to 80% in Championship.

Ticket sales generate less than £100k a match.  Commercial income, which includes sponsorship, hospitality, academy grants and others, appears to be an area addressed by the new owners.

Wages are biggest expense for a club. Relegation is usually accompanied by a big fall but Wigan still paid £13m last year, which was £157 for every £100 of income.

Wigan spent over £1m on signings in L1 in 2021/22 but generated more money from sales.

Wigan owners put in £4.7m via shares in 2022 following £3.7m the previous season.

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